Automatic Train Control Market 2019 To 2026-Expanding Worldwide with Top Players

Posted by nileshdbmr on February 3rd, 2020

Global Automatic Train Control Market is expected to rise from its initial estimated value of USD 2.35 billion in 2018 to an estimated value of USD 5.74 billion by 2026, registering a CAGR of 10.45% in the forecast period of 2019-2026. Increasing urbanization in developing countries is the major factor for the growth of this market.

Automatic train control or ATC combines all the system and functions to ensure the safe operation of the train. They use many different technologies and it mainly has three main system- automatic train supervision, automatic train operation and automatic train protection. The main aim of the ATC is to control the movement of the train so that they can provide safety and security to the passengers.

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Major Market Competitors/Players

Few of the major competitors currently working in the global automatic train control market are Siemens, Thales Group, Bombardier, Cisco, Hitachi, Ltd., GENERAL ELECTRIC, TOSHIBA CORPORATION, Alstom, Tech Mahindra Limited, WSP, Kyosan Electric Mfg. Co., Ltd., MERMEC Inc., Advantech Co., Ltd., MIPRO Electronics, ADLINK Technology Inc.

Competitive Analysis

Global automatic train control market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automatic train control market for global, Europe, North America, Asia-Pacific and South America.

Segmentation: Global Automatic Train Control Market

• By Automation (Goa 1, Goa 2, Goa 3, Goa 4)
• By Service (Consulting, Integration and Deployment, Support and Maintenance)
• By Train Type (Urban, Mainline)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Drivers:

• Technological advancement and development is driving the growth of this market
• Increasing smart cities is driving the market growth

Market Restraints:

• High deployment cost of the ATC is restraining the growth of this market
• Rising difficulty in combining ATC solutions with legacy systems is another factor which is restraining the growth of this market

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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